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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (21647)	11/10/2002 9:11:54 PM
From: onedrill	Respond to of 36161

Someone has allot of confidence in the Gold market. financeasia.com ABN AMRO has launched what is believed to be the first guaranteed gold fund in Hong Kong. The fund will be denominated in New Zealand dollars and has a minimum capital guarantee of 110% after maturity. The fund, which has a relatively short maturity, is targeted at investors holding New Zealand dollars and others looking at the upside potential of both gold and of the New Zealand dollar. "Market conditions for gold are significantly more encouraging than they have been for years," says Solange Rouschop, the bank's head of structured asset management. "We believe the market will remain favourable and generate still more interest in gold." ABN AMRO is positive both on the gold price and the New Zealand economy. Carol Wong, head of investment fund services, says growing terror fears and rising political tensions are dampening sentiment for stocks and driving many people to gold, long seen as the surest bet in troubled times. "On top of these tensions, you've got a weakening US dollar, so you've really got a tide of uncertainty that makes protecting assets crucial," she comments The New Zealand economy remains stable and consumer confidence at a high level she adds. This amounts to a positive view on the New Zealand dollar. To ensure the guaranteed return, ABN AMRO invests part of the fund in discounted NZD zero-coupon debt securities. These debt securities ensure the guaranteed return. Investors either get this at maturity, or a percentage of gold's upside gain if this is greater than the 10% guaranteed return. The actual percentage depends on the participation rate determined on December 20, 2002, the fund's official start date. The participation rate could range from 45% to 90% and is anticipated to be around 77% (as at 23/10/02). The minimum investment in the fund is NZ$5000. Depending on the success of this fund ABN AMRO says it is looking to introduce more gold funds, both in Hong Kong and in other Asian markets.

To: Square_Dealings who wrote (21647)	11/10/2002 9:48:20 PM
From: longdong_63	Respond to of 36161

It's a sell trigger....the excuse. Were ST overbought.

To: Square_Dealings who wrote (21647)	11/10/2002 10:27:07 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

25 REASONS WHY GOLD WILL RISE a great many reasons and forces behind the push in gold war is but one of them, see item #5 the beauty of GOLD is its buyers' many motivations take away one like war, and you are still left with many others almost every single item in the outline is strengthening item #1 is HUUUUGGE WITH THE FED RATE CUT, NOW THIS POWERFUL FORCE COMES FRONT & CENTER real rates on shortend of Trez yield are near zero possibly negative since October 2001 or so this is the major sentinel signal over the last century compiled from analysis, study, observation, dismay of markets, participants, corruption, deception, failed policy, basic ineptitude, conflict of interests, general fleecing of the public, all stemming from the folly that is the Strong Dollar Policy get ready for a Vicious Circle as the USDollar resumes its decline the below outline may soon appear on a website near you a full article with developed points and full introduction oy veh, the Jackass published in a formal article ------------------------------------ the outline begins with bonds, then federal/fiscals, politics, banking, mining, trade, commodities including currencies, economic cycles, with a final point reflecting on history 1. real rate of interest has been near zero since Oct2001 2. rise in foreign holdings of US assets increases our vulnerability to foreign abandonment 3. money supply increased over 40% since Jan 2001, close to 100% rise since 1991 4. return to federal deficits from recession and wartime economy, security spending 5. rising world tension, desire for safer safe haven, the geopolitical threat to peace 6. Glass-Steagal Law repeal now heightens risk of financial cluster failure in progress 7. world perception of American institutionalized dishonesty 8. likelihood of systemic banking shock waves from debt collapse and derivative chain reaction 9. sharp increase of savings across Asia in the form of gold 10. reduction of USDollar usage as both store of value, banking reserve asset 11. Islamic world is planning gold-centric international commerce, distancing from USDollar 12. Bank for International Settlements has targeted the US dollar for a corrective decline 13. reversal of miner hedges, end of gold leasing, reducing supply 14. dismantled mining supply apparatus, from systemic price below production 15. paradox: high gold price leads to higher demand, and high price leads to lower supply 16. trade tariff resumption discourages global trading village concept 17. USDollar correction to relieve the trade imbalance could result in a currency crisis 18. accelerating worldwide currency turbulence 19. European currencies offer more attractive alternatives to USDollar, with Swiss Franc leading 20. the calendar date Sept 11th marked the turning point for USDollar in two critical years 21. rising costs from entire energy complex (crude oil, natural gas, heating oil, gasoline) 22. commodity trend reversal has begun, the beginning of a new longterm trend 23. Kondratieff Winter is gathering speed and force 24. divergence toward deflationary credit-based economy, inflationary cash-based economy 25. the parallel between gold’s rise in the 1970’s and 2000’s has many components / jim